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What is carbon capture and why does it keep coming up at COP28?
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
A 'soft landing' or a recession? How each one might affect America's households and businesses
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
How major US stock indexes fared Friday, 12/8/2023
MarketBeat Week in Review – 12/4 - 12/8
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company
New CBOE “special perk” helps traders target income every weekend (Ad)
Indiana secretary of state appeals ruling for US Senate candidate seeking GOP nod
What is carbon capture and why does it keep coming up at COP28?
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
A 'soft landing' or a recession? How each one might affect America's households and businesses
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
How major US stock indexes fared Friday, 12/8/2023
MarketBeat Week in Review – 12/4 - 12/8
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company
New CBOE “special perk” helps traders target income every weekend (Ad)
Indiana secretary of state appeals ruling for US Senate candidate seeking GOP nod
What is carbon capture and why does it keep coming up at COP28?
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
A 'soft landing' or a recession? How each one might affect America's households and businesses
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
How major US stock indexes fared Friday, 12/8/2023
MarketBeat Week in Review – 12/4 - 12/8
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company
New CBOE “special perk” helps traders target income every weekend (Ad)
Indiana secretary of state appeals ruling for US Senate candidate seeking GOP nod
What is carbon capture and why does it keep coming up at COP28?

Corning Stock Price, News & Analysis (NYSE:GLW)

$29.11
+0.10 (+0.34%)
(As of 12/8/2023 ET)
Compare
Today's Range
$29.01
$29.38
50-Day Range
$26.59
$30.21
52-Week Range
$25.26
$37.10
Volume
3.79 million shs
Average Volume
3.73 million shs
Market Capitalization
$24.84 billion
P/E Ratio
42.81
Dividend Yield
3.85%
Price Target
$34.89

Corning MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
19.9% Upside
$34.89 Price Target
Short Interest
Healthy
0.97% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.49mentions of Corning in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.87%
From $1.71 to $1.93 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.96 out of 5 stars

Computer And Technology Sector

26th out of 595 stocks

Nonferrous Wiredrawing & Insulating Industry

1st out of 3 stocks


GLW stock logo

About Corning Stock (NYSE:GLW)

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. The company's Specialty Materials segment manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for various markets comprising mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Its Environmental Technologies segment provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. Corning Incorporated was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. The company was founded in 1851 and is headquartered in Corning, New York.

GLW Stock Price History

GLW Stock News Headlines

Rediscovering Value: Top Picks For A Market On The Turn
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You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Corning: Strike While The Glass Is Hot
Lunch with Santa to take place in Corning
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Corning announces Sparkle road closures
Corning: Stock Price Decline Is Justified
Crystal City Christmas returns to Corning
Corning Inc's Dividend Analysis
See More Headlines
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Company Calendar

Ex-Dividend for 9/28 Dividend
8/30/2023
Dividend Payable
9/28/2023
Last Earnings
10/24/2023
Ex-Dividend for 12/15 Dividend
11/16/2023
Today
12/09/2023
Dividend Payable
12/15/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/30/2024

Industry, Sector and Symbol

Industry
Nonferrous wiredrawing & insulating
Sub-Industry
Electronic Components
CUSIP
21935010
Employees
57,500
Year Founded
1851

Price Target and Rating

Average Stock Price Target
$34.89
High Stock Price Target
$40.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+19.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$1.32 billion
Pretax Margin
6.60%

Debt

Sales & Book Value

Annual Sales
$14.19 billion
Cash Flow
$3.85 per share
Book Value
$14.51 per share

Miscellaneous

Free Float
849,762,000
Market Cap
$24.84 billion
Optionable
Optionable
Beta
1.07

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Should I Buy Corning Stock? GLW Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Corning was last updated on Tuesday, November 28, 2023 at 9:35 PM.

Pros

Here are some ways that investors could benefit from investing in Corning Incorporated:

  • Corning Incorporated has reported strong financial results in its fiscal year 2023 fourth quarter, with revenue increasing by 12.7% to $68.9 billion. This indicates the company's ability to generate consistent growth and profitability.
  • Corning Incorporated is a leading provider of advanced glass and ceramic technologies, which are used in various industries such as telecommunications, automotive, and consumer electronics. The company's innovative products have a wide range of applications and can drive future revenue growth.
  • The company has a diversified customer base, including major technology companies and telecommunications providers. This reduces the risk of overreliance on a single customer and provides stability to Corning Incorporated's revenue streams.
  • Corning Incorporated has a strong research and development (R&D) focus, investing in cutting-edge technologies and product development. This positions the company to stay ahead of industry trends and maintain a competitive advantage.
  • The current stock price of Corning Incorporated provides an attractive investment opportunity. Investors can potentially benefit from capital appreciation if the stock price increases in line with the company's positive financial performance.

Cons

Investors should be bearish about investing in Corning Incorporated for these reasons:

  • The global economic uncertainty and potential market volatility could impact Corning Incorporated's business operations and financial performance. Factors such as trade tensions, geopolitical risks, and economic downturns may affect the demand for the company's products.
  • Corning Incorporated operates in highly competitive markets, facing competition from both established players and emerging companies. This competitive landscape may put pressure on the company's market share and pricing power.
  • Changes in government regulations and policies, particularly related to trade and tariffs, could have a negative impact on Corning Incorporated's international operations and supply chain.
  • The company's success is dependent on its ability to continuously innovate and develop new products. Failure to do so may result in a loss of market share and competitiveness.
  • Corning Incorporated's financial performance may be influenced by fluctuations in currency exchange rates, as the company operates globally. Currency volatility can impact the company's revenue and profitability.














GLW Stock Analysis - Frequently Asked Questions

Should I buy or sell Corning stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GLW shares.
View GLW analyst ratings
or view top-rated stocks.

What is Corning's stock price target for 2024?

9 Wall Street research analysts have issued 1-year price objectives for Corning's stock. Their GLW share price targets range from $28.00 to $40.00. On average, they anticipate the company's stock price to reach $34.89 in the next twelve months. This suggests a possible upside of 19.9% from the stock's current price.
View analysts price targets for GLW
or view top-rated stocks among Wall Street analysts.

How have GLW shares performed in 2023?

Corning's stock was trading at $31.94 at the beginning of the year. Since then, GLW stock has decreased by 8.9% and is now trading at $29.11.
View the best growth stocks for 2023 here
.

Are investors shorting Corning?

Corning saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 7,510,000 shares, an increase of 14.0% from the October 15th total of 6,590,000 shares. Based on an average daily volume of 3,370,000 shares, the short-interest ratio is presently 2.2 days. Currently, 1.0% of the company's stock are short sold.
View Corning's Short Interest
.

When is Corning's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 30th 2024.
View our GLW earnings forecast
.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) posted its quarterly earnings data on Tuesday, October, 24th. The electronics maker reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by $0.01. The electronics maker had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.51 billion. Corning had a net margin of 4.50% and a trailing twelve-month return on equity of 12.73%. The firm's revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share.
Read the conference call transcript
.

How often does Corning pay dividends? What is the dividend yield for Corning?

Corning announced a quarterly dividend on Wednesday, October 4th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.28 per share on Friday, December 15th. This represents a $1.12 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Thursday, November 16th.
Read our dividend analysis for GLW
.

Is Corning a good dividend stock?

Corning (NYSE:GLW) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.86%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 164.71%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GLW will have a dividend payout ratio of 58.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GLW.

What guidance has Corning issued on next quarter's earnings?

Corning issued an update on its fourth quarter earnings guidance on Tuesday, October, 24th. The company provided EPS guidance of $0.37-0.42 for the period, compared to the consensus estimate of $0.49. The company issued revenue guidance of approximately $3.25 billion, compared to the consensus revenue estimate of $3.56 billion.

What is Wendell P. Weeks' approval rating as Corning's CEO?

413 employees have rated Corning Chief Executive Officer Wendell P. Weeks on Glassdoor.com. Wendell P. Weeks has an approval rating of 79% among the company's employees.

What other stocks do shareholders of Corning own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Corning investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), AT&T (T), QUALCOMM (QCOM), Micron Technology (MU), Advanced Micro Devices (AMD), General Electric (GE), Walt Disney (DIS) and Johnson & Johnson (JNJ).

Who are Corning's major shareholders?

Corning's stock is owned by a number of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (3.37%), Morgan Stanley (2.57%), Ameriprise Financial Inc. (2.06%), Northern Trust Corp (1.41%), Primecap Management Co. CA (1.03%) and Bank of New York Mellon Corp (0.92%). Insiders that own company stock include Anne Mullins, Cheryl C Capps, Cheryl C Capps, Clark S Kinlin, David L Morse, David L Morse, Display Co Ltd Samsung, Eric S Musser, John P Bayne Jr, John Z Zhang, Lawrence D Mcrae, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, R Tony Tripeny, Robert P France, Robert P France, Roger W Jr Ferguson, Stefan Becker, Thomas Peterffy, Wendell P Weeks and Wendell P Weeks.
View institutional ownership trends
.

How do I buy shares of Corning?

Shares of GLW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Corning have any subsidiaries?
The following companies are subsidiares of Corning: 3M Communication - Markets Division, Alliance Fiber Optic Products Inc., Alliance Fiber Optic Products Inc., Axygen BioScience Inc., Axygen Bioscience Inc., Axygen Holdings Corporation, Axygen Inc., Chengdu Honing Display Glass Co. Ltd., China Renewable Energy Fund LP, Corning (Hainan) Optical Communications Co. Ltd., Corning (Shanghai) Co. Ltd., Corning Automotive Glass Solutions (Hefei) Co. Ltd., Corning B.V., Corning China (Shanghai) Regional Headquarter, Corning Display Technologies (China) Co. Ltd., Corning Display Technologies (Chongqing) Co. Ltd., Corning Display Technologies (Guangzhou) Co. Ltd., Corning Display Technologies (Hefei) Co. Ltd., Corning Display Technologies (Wuhan) Co. Ltd., Corning Display Technologies Materials (Chongqing) Co. Ltd, Corning Display Technologies Taiwan Co. Ltd., Corning Environmental Technologies (Hefei) Co. Ltd., Corning Finance B.V., Corning Finance Luxembourg S.à.r.l., Corning GmbH, Corning Holding GmbH, Corning Hungary Data Services Limited Liability Company, Corning Incorporated, Corning International Corporation, Corning Japan K.K., Corning Life Sciences (Wujiang) Co. Ltd., Corning Luxembourg S.à.r.l., Corning NetOptix Inc., Corning Oak Holding LLC, Corning Optical Communications GmbH & Co. KG, Corning Optical Communications LLC, Corning Optical Communications Polska Sp. z o. o., Corning Optical Communications RF LLC, Corning Optical Communications S. de R.L. de C.V., Corning Optical Communications Vermoegensverwaltungs GmbH, Corning Pharmaceutical Glass LLC, Corning Precision Materials Co. Ltd., Corning Property Management Corporation, Corning Research & Development Corporation, Corning SAS, Corning SK Luxembourg S.à.r.l., Corning Singapore Holdings Pte Ltd, Corning Specialty Materials Inc., Corning Technologies (H.K.) Limited, Corning Technologies SARL, Corning Telecommunications Luxembourg S.à.r.l., Corning Tropel Corporation, Corning Ventures France SAS, DC HSC Holdings LLC, Discovery Labware Inc., Discovery Labware Inc., Eurokera (Thailand) Limited, Eurokera Guangzhou Co. Ltd., Eurokera North America Inc., Eurokera S.N.C., Gerresheimer AG, HSC Holdings LLC, Hemlock Holdings LLC, Hemlock Semiconductor L.L.C., Hemlock Semiconductor Operations LLC, Keraglass S.N.C., Mediatech Inc., MobileAccess Networks, NZ Applied Technologies Corporation, Phoenix Venture Partners II LP, Photonics Technology Research Center, STRAN Technologies, Samsung Corning Advanced Glass LLC, SpiderCloud Wireless, TR Manufacturing LLC, Xianyang Honing Display Glass Co. Ltd., and iBwave Solutions Inc..
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This page (NYSE:GLW) was last updated on 12/9/2023 by MarketBeat.com Staff

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